Look for a long position | 09 Agustus 2018
09 Agustus 2018, USD/JPY
Wave Analysis
The US Dollar is currently bouncing from a daily support level 111.040. As long as this level remains intact, we're waiting for a clear rebound from it to pick a long position with the first target at 114.35 and the next at 118.21. You can still look for a long position now but have your target at 114.040. But should the price break below 111.040, then this will be a good place to look for a long term short position with an ultimate target at 108.42. Another break below 108.42 will culminate into further rally to the lowerside.
Trade Recommendations:
Look for a long position
101% Double the volume
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All bonus participates in drawdown!
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
